Research Reveals Nearly Two-Thirds of U.S. Companies Fail to Reclaim VAT from U.S. Travelers

SAP Concur research shows 69% of U.S. companies are not confident in reclaiming VAT from U.S. travelers going overseas. Cost containment is the leading reason for re-evaluating processes. Automation and cloud technology can simplify VAT reclaim, with a case study showing a 75% increase in reclaimable VAT.